Why is XRP price down today? By Cointelegraph

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XRP (XRP) is down today and is on the course to log its worst weekly performance since August 2023.

As of Nov. 17, XRP’s price is around $0.60, down nearly 9.5% week-to-date, including a 7.5% decline in the last 24 hours. The downtrend mirrors price behaviors across most top-ranking cryptocurrencies. However, XRP has underperformed the crypto market, which fell merely 2.5% this week.

vs. crypto market cap’s daily performance chart. Source: TradingView.com

BlackRock (NYSE:)’s XRP ETF rumor

XRP total liquidation chart. Source: Coinglass

XRP whale distribution

XRP supply distribution. Source: Santiment

Technical pullback

XRP/USD weekly price chart. Source: TradingView
XRP/USD daily price chart. Source: TradingView
XRP/USD weekly price chart. Source: TradingView
XRP/USD weekly price chart. Source: TradingView